Explain opportunity cost

Assignment Help Microeconomics
Reference no: EM133440720

Assignment:

The opportunity cost of any decision that you make involves giving up something. This is your highest alternative of a decision to complete an activity. Explain your opportunity cost of taking this course at Kean University. Analyze your decisions that you have to make when evaluating your opportunity cost.

Reference no: EM133440720

Questions Cloud

Types of servers used for publishing business intelligence : Name four alternative types of servers used for publishing business intelligence.
What should be the ideal social security program : "What should be the ideal Social Security Program for the United States?"
Why is depends on consumers preferences a radical ideal : Why is the idea that value depends on consumers' preferences a radical ideal?
Define capitalism : Discuss why capitalism and socialism are currently being spotlighted in U.S. politics giving the pros and cons to each organizational structure.
Explain opportunity cost : Explain your opportunity cost of taking this course at Kean University. Analyze your decisions that you have to make when evaluating your opportunity cost.
What would be the total cost for 12 adult tickets : At the Natural History Museum, tickets cost $10 for adults and $6 for kids under 12. What would be the total cost for 12 adult tickets and 18 kids tickets?
Difference between a competitive firm and a monopoly : Discuss in your answer the key difference between a competitive firm and a monopoly (the monopoly's ability to influence the price of its output).
Discuss the implications for the monetary base : Show the overall change in their balance sheets and discuss the implications for the monetary base.
Are market supply curves typically more elastic in short run : Are market supply curves typically more elastic in the short run or in the long run? Explain.

Reviews

Write a Review

Microeconomics Questions & Answers

  What are the primary cost saving features of managed care

What are the primary cost saving features of managed care? In theory, how is managed care expected to affect patient and provider incentives.

  What is the purported benefit of fair-trade certification

How does a fair-trade product differ from an otherwise identical imported good What is the purported benefit of fair-trade certification on purchases of goods such as chocolate, coffee, bananas, and tea? Do fairtrade goods improve average wages or..

  What results you might expect from the estimations

Discuss how to apply what we've discussed about demand (Chapters 1-5) and how they apply to a particular company (or a particular product from a company).

  Select a topic from the following list and conduct research

select a topic from the following list and conduct research on the topic to locate scholarly sources from the ashford

  Open the microsoft excel workbook interactive model

open the microsoft excel workbook interactive model economics.xls.on the first tab you will see a figure similar to

  A random sample of 10 economists produced the

a random sample of 10 economists produced the following forecasts forpercentage growth in real domestic

  Define hillary''s demand curve

The given table shows Hillary's demand schedule for Cherry Blossom Makeup. Graph Hillary's demand curve.

  Describe why setting up a budget is so important for this

describe why setting up a budget is so important for this new startup division. explain how you plan to gather budget

  Which appears to call for rejection of purchasing power

the big mac price index computed by the economist has consistently found the u.s. dollar to be undervalued against some

  To calculate the firms in the industry

The market demand curve for the industry is D(P) = 240- P/2. At the equilibrium market price, each firm produces 20 units. what is the equilibrium market price, and how many firms are in this industry.

  What is the real cost of the loan

What is the real cost of the loan and What other provisions are part of the opportunity to borrow money under these circumstances?

  How did the speaker establish a connection

How did the speaker establish a connection with the audience and get them to "buy into" the idea? 2. Explain the Problem and if any Solutions were mentioned

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd